Executive Secretary, Nigerian Investment Promotion Commission, NIPC, Mrs. Uju Aisha Hassan Baba has advised foreign investors to register their enterprise with the Commission, saying that it is the only agency that has legal framework on investment related matters.
Baba, who gave the advice on yesterday when she received in audience, the Indian High Commissioner to Nigeria, Mr. A.R. Ghanashyam in her office in Abuja, stated that the Commission has the statutory responsibility of promoting and attracting investments into the nation’s economy in addition to providing relevant information to guide investors in setting up their enterprises and also provide incentives and aftercare services.
The NIPC Chief Executive commended the Indian companies currently doing business in Nigeria as she also called on the High Commissioner to ensure that more Indian investors are encouraged to invest in Nigeria, especially in Agriculture, power and Health Sectors.
NIPC boss in a statement by the Assistant Director/Head, Media & Protocol, Mr. Joel Attah, noted that Nigeria remains the preferred investment destination in Africa, adding that Nigeria is desirous of beneficial investments especially in the non-oil sectors.
According to her, “Nigeria is in competition with other countries of the world even with the developed countries to attract investments into its economy”.
She described the economic and bilateral relationship between Nigeria and India as very cordial and enduring because of their common denominator that has continued to play out, stressing that both the Commission and the High Commission should work together in order to strengthen the relationship.
Earlier, the High Commissioner of India to Nigeria Mr. A.R. Ghanashyam gave the historical relationship between the two countries, stating that Nigeria is on the right part to economic recovery.
He stated that the present administration of President Muhammadu Buhari, which focus on providing security, fighting corruption and generating employment is very timely and apt.
He stated that the Indian Government will continue to support Nigeria in her Economic Agenda, announcing that over 100 Indian Companies will be visiting the country to hold Business and Investment Forum this month in Lagos in order to establish their presence in Nigeria.